Friday, October 15, 2021

Daily Trading Analysis 15.10.2021

Trading Analysis of NZD/CHF
RBNZ, Bascand: Uncertainty and risks persist.







Our Analysis:

While the price is below 0.6551, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.6491
  • Take Profit 1: 0.6400
  • Take Profit 2: 0.6263

Alternative scenario:

If the level 0.6551 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.6551
  • Take profit 1: 0.6679
  • Take Profit 2: 0.6756
Trading Analysis of NZD/CAD
Bank of Canada, Macklem: It will take more time for inflation to decline.






Our Analysis:

As long as price is below 0.8796 follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8704
  • Take Profit 1: 0.8621
  • Take Profit 2: 0.8462

Alternative scenario:

If the level of 0.8796 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8796
  • Take profit 1: 0.8951
  • Take profit 2: 0.9043
Fundamental Trading
Analysis of Alibaba
Chinese e-commerce behemoth Alibaba Group Holding has become one of the top investment trends of 2021.





Our Analysis:

As long as the price is above the 148.30 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 166.00
  • Take Profit 1: 177.80
  • Take Profit 2: 185.20

Alternative scenario:

If the level of 148.30 is broken-down, follow the recommendations below: 
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 148.30
  • Take Profit 1: 136.10
  • Take Profit 2: 128.90
Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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